On 19 December 2018, EIOPA published a call for input on the Solvency II reporting and disclosure review 2020, with the aim of assessing if the requirements remain fit-for-purpose and in particular, if the requirements allow a risk-based and proportionate approach.
EIOPA expects to publicly consult the conclusions of this assessment during 2019 but wishes to give the opportunity to all stakeholders to provide input, general or specific, at an early stage of the discussions, on areas that could be further improved in both reporting and disclosure requirements. These areas are:
supervisory reporting: this includes questions on consistency between financial sectors, the proportionality principle, internal models, reporting processes, narrative reporting, specific templates; public disclosure: this includes questions on the solvency and financial condition report, audit, and language and means of disclosure. Submissions are requested by 21 February 2019.